PANews June 3, according to CoinDesk, XRPScan data shows that activity on XRP Ledger has slowed significantly, with payment transactions falling to 320,747, the lowest since October last year, far below the average level of over one million from March to early May. The number of active addresses also fell below 10,000, also the lowest since October. At the same time, the number of XRPs destroyed as fees fell to 1,500, the lowest in months, coinciding with the slowdown in new account creation. The slowdown came after impressive results in the first quarter, when payment transactions increased 36% month-on-month and the number of active addresses increased 142%. The Messari report is optimistic about the prospects for XRP Ledger, saying that institutional adoption has increased through strategic partnerships and acquisitions.

Recently, Bitcoin has risen to a record high of more than $110,000, up more than 40% from its low in early April. This rebound has driven the market up, with XRP rising from $1.6 to $2.6, a 62% increase, but the rise has since stagnated, far below XRP's peak of about $3.4 in January. This shows that XRP has not benefited from Bitcoin's new high as it did at the beginning of the year, which may indicate weakening demand and should be treated with caution, as a potential decline in Bitcoin may put pressure on XRP prices.